A law firm for life

Partnership Agreements

Starting a business and going into partnership is an exciting venture, but often people can neglect to think about what might go wrong. Regardless of whether you are going into business with a connection, friends or family, it is vital you have a partnership agreement in place to account for all eventualities. We never like to think about things going wrong, but if they do it is vital to have a clear idea of where each of the parties stand. To give your business the best possible foundations, contact us today.

Do I need a Partnership Agreement?

There is no requirement for any Partnership to write a Partnership Agreement. In the event that no Partnership Agreement is signed off between the Partners, then the Partnership Act 1890 will dictate and regulate the relationships among the Partners. Whilst this historic Act can provide the basic framework for a Partnership, it is very often unsuitable in modern practice for the business relationships which Partners wish to enjoy. It is always advisable to have in place a Partnership Agreement to set out the obligations, rights and benefits that Partners will enjoy from the Partnership.

I operate a Partnership and wish to convert my business into a Limited Company, is this possible?

Many businesses through their evolution will review, on a fairly regular basis, the suitability of the business model that they utilise to trade their business. In the event that Partnership no longer becomes appropriate, then it is possible to convert that Partnership and transfer all of the assets into a Limited Company. This is a process in which we can give full advice and prepare all the necessary documentation to ensure a seamless transfer and continuity of your business arrangements.

Expert Business Lawyers Ayrshire, Dumfries and Galloway

Having a carefully drafted partnership agreement can help you and your business through difficult times. It can also give you the confidence to move forward with your business, knowing that you have the legal arrangements in place should anything go wrong. Our expert business solicitors have extensive experience in drafting partnership agreements. We have helped hundreds of business go from strength to strength as a result of our attention to detail and careful consideration of our client’s specific circumstances.

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Contact our expert Business Law Solicitors

Entering into a partnership can be exciting, but not without stress. Let our team relieve some of the apprehension by laying the foundations for a long and successful partnership.  We have years of experiences in helping clients across a wide variety of sectors, and we are confident we can give you the expertise you need. To discuss your specific circumstances with one of our expert business lawyers, contact us today by calling 01292 438530 or complete our online enquiry form and a member of our team will get back to you right away. We look forward to hearing from you.

Graeme McKinstry Chairman View Graeme's Profile

Graeme founded The McKinstry Company in 1984, after successfully negotiating an earn-out from his previous partnership. He has overseen the development and consolidation of the practice from a predominantly litigation based service, to a thriving High Street firm across several legal sectors. His primary role now is Chairman, undertaking strategic review and development, while holding the Partners to account.

Outside of McKinstry, Graeme has a Practice Management Consultancy where he focuses on management issues in small to medium sized legal firms. His business acumen and experience in the commercial world was recognised in 2015, when he was appointed President of Ayrshire Chamber of Commerce and Industry.

In his spare time, Graeme can regularly be seen looking for his ball in the gorse of rough at Royal Troon or Turnberry Golf Course.

Frances Evans Partner View Frances' Profile

Frances joined Team TMC as a Partner in 2017, and heads up the Property and Business Law team. Having trained at a large Glasgow firm, Frances has worked in commercial property since 2000. She is highly experienced in a wide range of commercial property work, including investment acquisitions and disposals, leasing and secured lending. She acts for a broad range of clients, including landlords, tenants, developers and industry.

Frances enjoys spending time with her family and friends, and is an avid reader.

Robert Honeyman Partner View Robert's Profile

Robert is Head of our Litigation Department, where he oversees all contentious cases. His remit includes employment, contract disputes, commercial court work and all aspects of personal injury litigation. With extensive experience of handling cases in the Employment Tribunal, Sheriff Court and Court of Session, Robert was recognised by the Association of Personal Injury Lawyers and the Law Society of Scotland in 2010, as a Specialist in Personal Injury Litigation.

Having joined the firm in 1997, Robert is well respected among clients and peers, and is widely regarded as an organised, proactive and diligent litigator, who will go the extra mile to get the best results for his clients.

Robert is a keen golfer (although not reflected in his handicap) and enjoys running. He also supports a number of charitable and community projects, and is Past President of Largs Cronies Burns Club.

Robin Corbett Consultant View Robin's Profile

Robin is a real estate lawyer with a wealth of experience in both transactional and advisory work for a wide range of clients in the private, public and third sectors. He is accustomed to working closely with other professional disciplines having worked on a range of complex or unusual projects and transactions.

In the private sector, Robin regularly works with property investors, developers and lenders. He often works with clients disposing of property for development; whether commercial or industrial property for re-development, or previously undeveloped land. He has extensive experience in leasing, purchase and sale of commercial premises for commercial clients ranging from SMEs to large corporates.

Robin also has experience working with public sector clients, including the Scottish Government, local authorities, and quasi-autonomous bodies. He has a particular interest in the education sector.

Robin has considerable experience with specialised property types, including retail filling stations, marine assets (harbours, for example), and quarries and mineral extraction projects. Taking a pragmatic and client-focused approach, Robin builds client relationships through a clear understanding of client objectives and consistent delivery of excellent results.

Robin is also an experienced speaker and presenter, and has provided expert opinions in relation to solicitor negligence in real estate matters.

Debbie Dunlop Partner View Debbie's Profile

Based in our Girvan office, Debbie is a Partner who is highly experienced in Private Client work, particularly in the agricultural and farming sectors. She used to enjoy travelling the world, but now married to a farmer, she spends her weekends in wellies, feeding cattle or on the back of a quad bike. Debbie is also a member of the Agricultural Law Association.

Having lived in Rome for a number of years, Debbie also studied Law at the Université d’Auvergne in Clermont-Ferrand – as a result, she is fluent in both Italian and French. She can also speak a bit of Spanish, thanks to travelling around various Central and South American countries, including walking the Inca trail. She has managed to convince her husband that the cattle in Argentina will be worth a look at some time soon!

A keen runner, Debbie has competed in 10Ks and half marathons, even completing the Rome Marathon. This now comes in handy during lambing time chasing after ewes.

Ayr Sandgate

Queen’s Court House
39 Sandgate
Ayr, Ayrshire
KA7 1BE

  • Disability access
  • Parking close by

Girvan

146-148 Dalrymple Street
Girvan, Ayrshire
KA26 9BQ

  • Disability access
  • Parking close by
Join the McKinstry family
Some of our happy clients
  • Robert was very supportive.

    M Carruthers, Kilmarnock.
  • Great, Rebecca was very pleasant to deal with and went out of her way to help with our case

    S Everett, Kilbarchan
  • The solicitor / paralegal I was dealing with was very professional and performed to a high standard. I was very impressed.

    B Ferguson, Methil
  • Local firm, word of mouth good reports.

    K Rooney, Glasgow
  • All queries were dealt with in a prompt and professional manner and I was kept informed of progress as events developed. Thank you very much for making a difficult situation much easier to deal with.

    Mrs McG, Ayr
  • Communication via telephone and email was regular, prompt and comprehensive. All queries and questions were answered with no delays or problems. My experience with the McKinstry Company was pleasant and smooth.

    Mr McK, Ayr
  • My family and I received excellent service from everyone with whom we had contact. The service was of the highest standard and, as I have in the past, I will continue to recommend the company to anyone seeking legal assistance.

    Mrs S, Ayr
  • All emails and calls were dealt with promptly. Very impressed. Very very pleased with service.

    Mr and Mrs H, Hull
  • I enjoy the friendly atmosphere. Very professional.

    Mrs A, Ayr
  • Mr Honeyman was very professional and knowledgeable which made us feel reassured. Very happy with the service and if I needed a solicitor again I would get in touch.

    Mr B, Ardrossan
  • Prompt quick efficient communication.

    Mrs K, Cumnock
  • Ease of making appointments and timescale for completion of business all good.

    Mr & Mrs T, Maybole
  • Gave reassurance and comfort at a stressful time. I felt ten times better after our first meeting and support provided ultimately exceeded my desired outcome.

    Mr N, Saltcoats
  • The supportive way that the advice was provided along with the willingness to fit appointments in with our requirements

    Mr R, Ayr
  • The whole process was handled with upmost professionalism throughout.

    Mr McN, Kilwinning
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